MDB - MongoDB Stock Is Moving Lower Wednesday: What's Going On? | Benzinga
MongoDB Inc (NASDAQ: MDB) shares are trading lower Wednesday after the company reported third-quarter financial results. Here's a rundown of the report.
- Q3 Revenue: $432.9 million beat estimates of $403.65 million
- Q3 EPS: 96 cents beat estimates of 50 cents
Revenues were up 30% year-over-year. Cash from operations totaled $38.4 million in the quarter. MongoDB generated $35 million in free cash flow in the third quarter compared to negative free cash flow of $8.4 million in the comparable quarter last year.
The company ended the quarter with $1.9 billion in cash, equivalents, restricted ...